Beyer, Christian; Kottmann, Elke; Blanckenburg, … - 2018
We present a pragmatic approach to calculating the total economic loss induced by a cartel, focusing on the European … trucks cartel (1997-2011). Overall, we estimate a net welfare loss of approximately €0.7 bn. and an overcharge below 1% (€1 ….8 bn.). The cartel overcharge is surprisingly low. We explain this by (1) the existence of a reference market with an …